Facebook buys AOL patents from Microsoft for $550 million

Facebook today struck a $550 million deal with Microsoft to purchase patents originally belonging to AOL

From Techradar:

The deal includes 650 patents and 275 patent applications. The exact contents of the patents deal are not public, but are said to cover technology ranging from mobile services and advertising to cell phone handsets. Earlier this month AOL sold more than 800 of its patents to Microsoft in a $1.056 billion deal.